Get & compare mortgage quotes anonymously Start in My Home

Safe Rate Local

Lebanon

Learn about the people, housing, costs and businesses in Lebanon, Kentucky

Median Home$176,274
Median Rent$760/month
Population6,115
Leading IndustriesRetail · Transportation29% retail
Home Value Growth⬆⬆⬆+23.9% over 2 years
Family-Friendly24% of residentsslightly above average
Homeowners68% of occupied units
Lebanon
KY

Frequently Asked Questions

What are today's mortgage rates in Lebanon?

As of today, the 30-year fixed mortgage rate for Lebanon is approximately 6.955% (6.996% APR). Rates vary based on your credit score, loan type, down payment, and other factors. Safe Rate updates rates daily using live investor pricing.

View current rates for Lebanon
What is the median home price in Lebanon?

The median home value in Lebanon is $176k. The median monthly rent is $760. Annual property taxes average $1k. Home values are based on U.S. Census Bureau American Community Survey estimates.

Are home values rising in Lebanon?

Home values in Lebanon have increased 23.9% over the past two years. This indicates a strong appreciation trend. This data is sourced from the Federal Housing Finance Agency (FHFA) House Price Index.

How much income do you need to buy a home in Lebanon?

Based on a typical all-in ownership cost of $826/month (mortgage, taxes, insurance), you'd generally need a household income of approximately $35k/year to keep housing costs at or below 28% of gross income — a common lender guideline. The median household income in Lebanon is $60k/year.

Calculate your buying power
What industries drive the economy in Lebanon?

The largest employment sectors in Lebanon are retail (29%) and public administration (18%) of the local workforce. Industry data is sourced from the U.S. Census Bureau American Community Survey.